Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13929 E Riviera Drive Fort Worth, TX 76028

3 Beds 3 Baths 2,600 sqft Built 2021

$459,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $176.88
  • 6 Days on Market
  • MLS # : 14510944
  • Updated Date : 02/01/2021 at 20:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,600 sqft
  • Baths : 2 full , 1 half
Listing Agent

All City Real Estate

Listing Agent's Description

Beautiful new build in Thomas Crossing with estimated March completion! Gorgeous features are highlighted throughout this 3 bedroom, 2.5 bath floorplan. Wood floors throughout living, kitchen, and primary bedroom. Spacious kitchen includes custom cabinetry, stainless steel appliances, large island, double oven, and more! Large covered patio with gas fireplace is great for entertaining! This home is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Zip Code: 76028

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $119k258k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76028

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$413,910$505,890$459,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,597
Property Tax -$1,054
Property Insurance -$177
HOA -$38
Property Management Fees -$99
CASH FLOW
-$946

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$459,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,874

INVESTMENT

$123,874

Down Payment
$114,975
Rehab Estimate
$2,000
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$54

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,020

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,048

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7953$1,9454$2,0205$2,150
$2,150
RENT COMPS ANALYSIS
  • 13929 E Riviera Drive Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,600 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,600 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.78
    •  
  • 1629 Village Park Trail Burleson, TX 1
    • 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,262 Sqft ∙ Built 2007
    property image
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
  • 1900 Wickham Drive Burleson, TX 2
    • 3 beds 3 baths ∙ 2,468 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,468 Sqft ∙ Built 2007
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.73
    •  
  • 12108 Bellegrove Road Burleson, TX 3
    • 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2007
    property image
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.80
    •  
  • 12412 Silver Mist Trail Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2002
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.89
    •  
PROPERTY LISTING DETAILS
Ashley Milliman
All City Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510944
Last Updated: 02/01/2021
BESbswy